Closing stock

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15 May 2012 SHOULD cLOSING STOCK BE VALUED BY COST PRICE OR SALE PRICE

CA. RICHI SAXENA

CA. RICHI SAXENA (Expert)
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15 May 2012 Closing stock should be vaued as per AS2 issued by ICAI which particularly states that It should be valued at cost or market price whichever is less.

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